For many lawyers, the world has never appeared to be as hostile, bewildering or unstable as it does today. These feelings result from the complexities and uncertainties of the changing economic, professional and competitive environment in which most law firms find themselves.
Mergers and acquisitions have reduced the number of existing and potential clients. Many business and corporate clients have experienced financial distress, others have joined with larger and better-managed organizations, and many have gone out of business.
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